Chit Chat Stocks

Explore the history, financials, and future prospects of Smith & Wesson with insights into their manufacturing, distribution, and customer base. Delve into the cyclical nature of the firearm industry and Smith & Wesson's dominant position. Analyze executive compensation and the company's balance sheet. Estimate future revenue, earnings, and cash flow through valuation. Discuss potential growth opportunities for Smith & Wesson.

The podcast explores various interesting topics including Buffett's personal trades scandal, accusations of insider trading, the Google-Apple-Microsoft technology trial, the downfall of compounders in 2023, and the concept of waiting for the right price when investing.

Edwin Dorsey, a financial analyst and expert in short selling, joins the podcast to discuss shorting Hershey's. They explore potential challenges the company may face, reactions of management teams to critical reports, concerns about competition, and the impact of the brand Feastables on Hershey's sales. They also discuss the potential negative impact of a weight loss drug called Zempik on Hershey's business.

The podcast discusses the history, financials, and future prospects of MGM Resorts International. Topics include the company's diverse portfolio of resorts and casinos, its revenue mix, the impact of China's lockdowns, MGM's position in the sports betting market, expansion plans in Europe and Asia, safety concerns, growth opportunities, and financial performance. The podcast also explores the inclusion of operating leases in financial statements, the competitive advantage of MGM Resorts, and upcoming review of Smith and Wesson.

The hosts discuss frustrations with their investment fund, the importance of company guidance, and concerns about capital allocation. They analyze Nintendo's annual investor presentation and earnings report, Warren Buffett's investment strategies, and the reliability of a cash-generating asset. Additionally, they delve into analyzing company performance, growth in active customers, and provisions for credit losses.

ValueStockGeek, a stock market analyst specializing in value investing, joins the podcast to discuss Tractor Supply Company (TSCO). Topics covered include the company's business model, competitive advantages, growth strategies, potential store base, and its approach to capital allocation.

Explore the challenges and future prospects of British American Tobacco, from its history and financials to regulatory pressures. Dive into industry trends, management insights, earnings, balance sheet, and valuation analysis. Discuss the impact of regulatory challenges on the tobacco industry and investment opportunities.

The CCM Investing Power Hour is a live-streamed show every Thursday. On the show, Ryan, Brett, and a rotating list of guests have an unscripted discussion on a variety of investing topics. You can watch the show on our YouTube channel here: ⁠⁠⁠https://www.youtube.com/c/ChitChatMoney⁠⁠⁠ Follow the show on Twitter: ⁠⁠⁠https://twitter.com/chitchatmoney⁠⁠⁠ Subscribe to our newsletter:⁠⁠⁠ https://chitchatmoney.substack.com/⁠⁠⁠ ****************************** Chit Chat Money is presented by Interactive Brokers. Switch to the best brokerage in investing today: ⁠⁠⁠ibkr.com/info⁠⁠⁠ ****************************** Disclosure: Chit Chat Money hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation. Brett Schafer and Ryan Henderson are general partners and portfolio managers at Arch Capital. Arch Capital and its partners may hold securities discussed on this show.

Eric Langan, CEO of RCI Hospitality Holdings, Inc., discusses his background and the challenges faced in the nightclub industry. Topics include acquisitions, security upgrades, company culture, growth strategy, and engaging with investors and customers.

In this final episode, the hosts reflect on closing their fund, discussing their motivation, goals, and unique model. They explore the process of starting and establishing Arch Capital, including paperwork, expenses, and fee structures. They share lessons learned, challenges faced, and their investment strategy going forward.